Do mortgage interest rates vary by state?

For example I currently live in Washington state and the rate I qualify for on any given day is about .5% over the lowest rate available. If I moved to California should expect basically the same rate. The rate I qualified for last Friday in Washington state was 5.9 would I have qualified for the same rate last Friday in California.

It depends on many things…

your credit history

the rates of the individual bank you are dealing with

your work history

if you have a relationship with the bank issuing the loan.

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4 Comments.

  1. It depends on many things…

    your credit history

    the rates of the individual bank you are dealing with

    your work history

    if you have a relationship with the bank issuing the loan.
    References :

  2. Yes mortgage do vary in all 50 States.You see in Washington state rate mostly cheaper then in California or other states.Why don’t goto http://www.bankrate.com see the interest rate in the state that you may want to live in.
    References :

  3. I see that mortgage rates vary by lender. . .
    References :

  4. yes, mortgage interest rates very in each state. that is why you have to do some research before you settle on a lender or on a state where you want to live in. there are lots of information about it online. you can simply search for them. here’s a good place to start: http://www.whataboutloans.com/mortgage/mortgage-rates.html
    References :
    http://www.whataboutloans.com/mortgage/mortgage-rates.html

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